Balincan USA, Inc. Completes Initial Financing

NEW YORK, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Balincan USA, Inc. (the Company), announces that it has closed a follow on $600,000 of new financing, completing its full initial funding.

Its subsidiary, Tekumo LLC, is reinventing the delivery of connected technology solutions nationwide using a proprietary intelligent service delivery platform that solves the "last-mile" of installing, monitoring, and maintaining technology systems and smart connected devices.

Company CEO, Strings Kozisek, commented that "completing this round of financing enables us to continue our software buildout, as well as focus on an aggressive digital marketing campaign targeting large verticals including Multiple Dwelling Units (MDU's), Quick Service Restaurants (QSR's), Assisted Living, Retail, Hospitality, Utilities, Builders, Insurance, and Healthcare throughout North America. Tekumo is the ‘missing link' in connecting these opportunities into one solution".

About Tekumo

Tekumo is founded by a small group of successful entrepreneurs; Strings Kozisek (CEO), Chris Nichols (CSO), Phillip Dignan (President/CFO), and Jacob Beasley (CTO). This team brings a shared vision and shared history. Their previous ventures in the software, managed services, organic material manufacturing, retail and automotive verticals are currently generating over $300M in annual revenue. 

The Company offers three main product lines. TekumoPRO is a platform that connects enterprises, retailers, and OEM's with local skilled resources to install and maintain technology systems. It delivers a smarter dynamic workforce, intelligent automation, real-time visibility, and full integration into client service management systems. 

TekumoIOT delivers on the complete service chain for smart connected devices. It installs, monitors and manages sensors, devices gateways, hubs, and data for multiple verticals – all with 24/7 onsite support. TekumoIQ provides real-time risk management and process management data from all connected assets, accessible via Tekumo dashboards or directly delivered into any end user ecosystem.

Simply put, Tekumo delivers your product service needs. It is headquartered in Colorado Springs, Colorado.

About Balincan USA, Inc.

Balincan USA, Inc BCNN is an alternative reporting publicly held company that wholly-owns Tekumo LLC.

For more details related to the transaction, please see the Company's Current Disclosure filed with OTC Markets on August 30, 2022.

Safe Harbor:

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact

Chris Nichols
CNichols@Tekumo.com
719-900-4535